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Budget 2019: State banks in a fix over proposed hike in minimum public holding

image The budget proposal to raise the minimum public shareholding limit to 35% from 25% may be a stiff challenge for state-run banks.

While this will impact over 1,000 companies with public shareholding less than 25%, state-owned companies could be hit the hardest, experts said. Among public sector units (PSUs), several state-run lenders have been in a precarious situation with repeated capital infusion by the government over the years pushing promoter holding way above 75%......ET